CBS Corporation operates as a mass media company worldwide. The company operates through four segments: Entertainment, Cable Networks, Publishing, and Local Media. The Entertainment segment distributes a schedule of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and/or distributes programming, including series, specials, news, and public affairs; operates online content networks for information and entertainment; produces, acquires, and distributes theatrical motion pictures; and digital streaming services. The Cable Networks segment offers subscription program services, such as original series, theatrical feature films, documentaries, boxing and other sports-related programming, and special events. This segment also operates CBS Sports Network, a 24-hour cable program service that provides college sports and related content; and Smithsonian Networks, which operates a channel featuring cultural, historical, scientific, and educational programs. The Publishing segment publishes and distributes adult and children's consumer books in printed, digital, and audio formats; develops special imprints and publishes titles based on the products of the company, as well as that of third parties; and distributes products for other publishers. This segment also delivers content; and promotes its products on its Websites, social media, and general Internet sites, as well as those related to individual titles. The Local Media segment owns 29 broadcast television stations; and operates local Websites, including content from the company's television stations. The company was founded in 1986 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Television broadcasting stations
Sub-IndustryBroadcasting
SectorConsumer Discretionary
SymbolNYSE:CBS
CUSIP12485720
Phone212-975-4321
Debt
Debt-to-Equity Ratio4.37
Current Ratio1.60
Quick Ratio1.10
Price-To-Earnings
Trailing P/E Ratio12.97
Forward P/E Ratio10.37
P/E Growth0.72
Sales & Book Value
Annual Sales$13.69 billion
Price / Sales1.49
Cash Flow$4.7642 per share
Price / Cash11.41
Book Value$5.16 per share
Price / Book10.53
Profitability
EPS (Most Recent Fiscal Year)$4.19
Net Income$357 million
Net Margins10.21%
Return on Equity81.10%
Return on Assets8.63%
Miscellaneous
Employees12,700
Outstanding Shares376,030,000
Market Cap$21.60 billion
CBS (NYSE:CBS) Frequently Asked Questions
What is CBS's stock symbol?
CBS trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBS."
How often does CBS pay dividends? What is the dividend yield for CBS?
CBS declared a quarterly dividend on Tuesday, July 31st. Investors of record on Monday, September 10th will be paid a dividend of $0.18 per share on Monday, October 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Friday, September 7th. View CBS's Dividend History.
How were CBS's earnings last quarter?
CBS Co. (NYSE:CBS) issued its quarterly earnings data on Thursday, August, 2nd. The media conglomerate reported $1.12 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.11 by $0.01. The media conglomerate had revenue of $3.47 billion for the quarter, compared to analysts' expectations of $3.46 billion. CBS had a return on equity of 81.10% and a net margin of 10.21%. The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 earnings per share. View CBS's Earnings History.
When is CBS's next earnings date?
How can I listen to CBS's earnings call?
CBS will be holding an earnings conference call on Thursday, November 1st at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8882208451.
What price target have analysts set for CBS?
24 brokerages have issued twelve-month price objectives for CBS's stock. Their forecasts range from $53.00 to $90.00. On average, they anticipate CBS's share price to reach $66.2159 in the next year. This suggests a possible upside of 21.8% from the stock's current price. View Analyst Price Targets for CBS.
What is the consensus analysts' recommendation for CBS?
24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBS in the last year. There are currently 10 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CBS.
What are Wall Street analysts saying about CBS stock?
Here are some recent quotes from research analysts about CBS stock:
- 1. According to Zacks Investment Research, "CBS is gaining from the contribution from Network Ten, which the company acquired in fourth-quarter of 2017. A surge in retransmission revenues and fees from CBS Television Network is also a positive. The company is benefiting from strong demand for content, rise in retransmission rates and expansion of direct-to-consumer business. For the third quarter, CBS expects Local Media revenues to increase at a double-digit rate as mid-term elections are coming closer. However, currency fluctuations and higher expenditure for original programming might prove to be a drag. Shares have underperformed the industry on a year-to-date basis." (10/9/2018)
- 2. Barrington Research analysts commented, "We are confident in Mr. Ianniello’s capability to direct the operations of CBS. He has been a close partner of Mr. Moonves and actively involved in all of the key initiatives that have defined CBS in recent years. Mr. Moonves and Mr. Ianniello are both strong and decisive personalities with exceptional drive and motivation. Mr. Moonves also has had a reputation as having exceptional creative skills and instincts. Together, they outlined a multi‐year strategy at an Investor Day a few years ago that continues to be the CBS playbook. Mr. Ianniello is a long‐ tenured member of management and has a highly accomplished track record as COO and CFO of CBS. During this period, the company has transformed its revenue mix, reducing its ad related volatility while growing its stable retransmission and syndication revenues." (9/10/2018)
- 3. Pivotal Research analysts commented, "We continue to value CBS stock at $64 on a YE2018 basis and rate it Hold. CBS reported revenue of $3.9bn for 4Q17, +11% vs. the year-ago period, with adjusted operating income of $739mm and a 19% margin as well as adjusted EPS of $1.20. We forecast +6% revenue growth and $757mm of OI, or 20% margins, with an EPS of $1.15 vs. StreetAccount consensus of +5% revenue growth, $737mm of OI and EPS of $1.14 Revenues were up most at the Entertainment segment, rising +18% on slightly higher margins. Cable networks rose by +9% and Publishing was up by +12% while Local Media was down -14%, largely because of the absence of political advertising. Across the company, non-advertising activities were responsible for more than all of the growth in the quarter, as advertising was down by -3% despite the inclusion of the newly acquired Australia’s Ten Network." (2/16/2018)
- 4. Benchmark Co. analysts commented, "We continue to rate CBS our favorite content play in the media space, and at just 8x 2018E EV/EBITDA, we believe shares look attractively priced even if a softer overall advertising environment continues." (10/24/2017)
Who are some of CBS's key competitors?
Some companies that are related to CBS include CBS (CBS.A), Rtl Group (RGLXF), Grupo Televisa SAB (TV), Liberty Media Formula One Series C (FWONK), Liberty Media Formula One Series B (FWONB), Liberty Media Formula One Series A (FWONA), PROSIEBENSAT 1/ADR (PBSFY), Nexstar Media Group (NXST), Tribune (TRCO), Sinclair Broadcast Group (SBGI), TEGNA (TGNA), Television Francaise 1 (TVFCF), Gray Television (GTN), Gray Television, Inc. Class A (GTN.A) and E. W. Scripps (SSP).
Who are CBS's key executives?
CBS's management team includes the folowing people:
- Mr. Joseph R. Ianniello, Pres & Acting CEO (Age 50)
- Mr. Anthony G. Ambrosio, Sr. EVP, Chief Admin. Officer & Chief HR Officer (Age 57)
- Mr. Lawrence P. Tu, Sr. EVP & Chief Legal Officer (Age 64)
- Mr. Gil D. Schwartz, Sr. EVP & Chief Communications Officer (Age 66)
- Ms. Jo Ann Ross, Pres of Sales & Chief Advter. Revenue Officer
Who are CBS's major shareholders?
CBS's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State of New Jersey Common Pension Fund D (0.68%), Bank of Montreal Can (0.15%), Steigerwald Gordon & Koch Inc. (0.04%), Corrado Advisors LLC (0.02%), Hennessy Advisors Inc. (0.01%) and DNB Asset Management AS (0.01%). Company insiders that own CBS stock include Anthony G Ambrosio, Arnold Kopelson, Bruce S Gordon, Charles K Gifford, Eugene Beukman, Gil D Schwartz, Jonathan Anschell, Joseph R Ianniello, Lawrence Tu and Leslie Moonves. View Institutional Ownership Trends for CBS.
Which institutional investors are selling CBS stock?
CBS stock was sold by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Supplemental Annuity Collective Trust of NJ, Corrado Advisors LLC, New Jersey Better Educational Savings Trust, Bremer Trust National Association, Spirit of America Management Corp NY, Steigerwald Gordon & Koch Inc. and DNB Asset Management AS. Company insiders that have sold CBS company stock in the last year include Anthony G Ambrosio, Arnold Kopelson, Bruce S Gordon, Charles K Gifford, Gil D Schwartz, Jonathan Anschell, Joseph R Ianniello and Leslie Moonves. View Insider Buying and Selling for CBS.
Which institutional investors are buying CBS stock?
CBS stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, DAVENPORT & Co LLC, Lourd Capital LLC, Atria Investments LLC, E&G Advisors LP and Nwam LLC. View Insider Buying and Selling for CBS.
How do I buy shares of CBS?
Shares of CBS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CBS's stock price today?
One share of CBS stock can currently be purchased for approximately $54.36.
How big of a company is CBS?
CBS has a market capitalization of $21.60 billion and generates $13.69 billion in revenue each year. The media conglomerate earns $357 million in net income (profit) each year or $4.19 on an earnings per share basis. CBS employs 12,700 workers across the globe.
What is CBS's official website?
How can I contact CBS?
CBS's mailing address is 51 WEST 52ND STREET 35TH FLOOR, NEW YORK NY, 10019. The media conglomerate can be reached via phone at 212-975-4321 or via email at [email protected]
MarketBeat Community Rating for CBS (NYSE CBS)
MarketBeat's community ratings are surveys of what our community members think about CBS and other stocks. Vote "Outperform" if you believe CBS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CBS will underperform the S&P 500 over the long term. You may vote once every thirty days.
